Core Viewpoint - Robinhood is expanding its offerings by launching a futures and derivatives exchange and clearinghouse, enhancing its investment in predictive markets [1] Group 1: Company Developments - Robinhood's stock price increased by over 6.5%, reaching $123.17 [1] - The company is forming a new joint venture with Susquehanna, where Robinhood will act as the controlling partner and provide retail demand and distribution channels [1] - The joint venture will accelerate service delivery by acquiring MIAXdx, a designated contract market and derivatives clearing organization [1] Group 2: Strategic Partnerships - Susquehanna International Group will serve as a key partner and initial liquidity provider for the new venture, with plans to introduce additional liquidity providers in the future [1] - MIAX, a wholly-owned subsidiary of Miami International Holdings, will retain a 10% strategic equity stake in the new exchange [1] Group 3: Future Operations - The independent joint venture is expected to provide futures and derivatives for futures commission merchants (FCM) platforms, including Robinhood's predictive markets, with operations anticipated to begin in 2026 [1]

Group 1 - Robinhood's stock price increased by over 6.5%, reaching $123.17 [1] - The company is launching a futures and derivatives exchange and clearinghouse to deepen its investment in prediction markets [1] - Robinhood is partnering with Susquehanna to establish a new, independently operated joint venture, where it will act as the controlling partner [1] Group 2 - Susquehanna International Group will serve as a key partner and initial liquidity provider for the joint venture, with plans to introduce additional liquidity providers in the future [1] - The joint venture aims to accelerate service delivery by acquiring MIAXdx, a designated contract market and derivatives clearing organization licensed by the CFTC [1] - MIAX will retain a 10% strategic equity stake in the exchange, which is expected to provide futures and derivatives products, including Robinhood's prediction markets, starting in 2026 [1]

Core Viewpoint - Robinhood is launching a futures and derivatives exchange and clearinghouse, enhancing its investment in predictive markets, which has led to a stock price increase of over 6.5% to $123.17 [1] Group 1: Business Development - Robinhood is establishing a new joint venture with Susquehanna, where Robinhood will act as the controlling partner, providing retail demand and distribution channels [1] - The joint venture will leverage Susquehanna International Group as a key partner and initial liquidity provider, with plans to introduce additional liquidity providers in the future [1] Group 2: Strategic Acquisitions - The joint venture aims to accelerate service delivery by acquiring MIAXdx, a designated contract market, derivatives clearing organization, and swap execution facility licensed by the CFTC [1] - MIAX will retain a 10% strategic equity stake in the exchange, ensuring continued involvement in the venture [1] Group 3: Future Operations - The independent joint venture is set to provide futures and derivative products through a futures commission merchant platform, including Robinhood's predictive markets, with operations expected to commence in 2026 [1]